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Nov 28, 2012
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. >> i know you've had some tough things to say about congressman peter king, for example. his comments about the pledge. but look specifically to his point. some things do change over the years, the economic problems, for example, that we may have had 20 years ago, 40 years ago, they're different than the economic problems right now. so don't different problems call for different solutions? >> well, what was odd about peter king's comment was look, tax increases slow economic growth. tax increases take resources out of the real economy and allow the government to grow and grow. that's always a bad idea. that's not a good idea some years and a bad idea others. leeches, doctors don't put leeches on people ever, it's wrong. don't do it. it doesn't make people stronger. raising taxes, taking money out of the economy, damages the economy, kills jobs, reduces opportunities. >> you know, the latest cnn polls that just came out this week say you're wrong. two of three americans, including a majority of republicans, say the fiscal cliff should be addressed with a mix, a mix of spen
. >> i know you've had some tough things to say about congressman peter king, for example. his comments about the pledge. but look specifically to his point. some things do change over the years, the economic problems, for example, that we may have had 20 years ago, 40 years ago, they're different than the economic problems right now. so don't different problems call for different solutions? >> well, what was odd about peter king's comment was look, tax increases slow economic...
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Nov 27, 2012
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the pledge is not for life, but everybody who signed the pledge including peter king who tried to weasel out of it, shame on him as the new york sun said today. i hope his wife understands the commitments last a little longer than two years or something. the commitment from the pledge -- >> whoa, whoa. hang on. that was a bit below the belt, grover. >> if you think a commitment is not for as long as you make it for, the commitment for the pledge as peter king well knows when he signed it is that as long as you're in congress you won't rain in spending and reform government and rein is taxes. it's only as long as you're in the house or senate. if he stayed too long, that's his problem. you don't tell the bank, oh, the mortgage wasn't that a long time ago? if you make a commitment, you keep it. >> this pledge was first signed in 1986. >> by some people. of course, every two years people often re-sign it. they make statements on it. this is one of the people having doubts just two years ago made a public letter saying he would never support a deal that had any tax increases, only revenues s
the pledge is not for life, but everybody who signed the pledge including peter king who tried to weasel out of it, shame on him as the new york sun said today. i hope his wife understands the commitments last a little longer than two years or something. the commitment from the pledge -- >> whoa, whoa. hang on. that was a bit below the belt, grover. >> if you think a commitment is not for as long as you make it for, the commitment for the pledge as peter king well knows when he...
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Nov 26, 2012
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peter king knows -- congressman peter king of new york noknows full well the pledge he signed and others, it's for while you're in congress, not a two-year period. >> it sounded to me he was sort of saying you have to re-up it for it to be legal or whatever the right word is. >> first of all, it's explained to everyone when they sign, it's in writing with them when they sign that it's a commitment while you're in -- while you're in the house or while you're in the senate. you run for a different office, you take it again. and so the congressman from ohio is leaving -- it doesn't pass the laugh test. that's an odd position. if you want to go to your voters and say i promised you this and i'm breaking my promise, you can have that conversation with them. but you don't have an argument with me. you've made a commitment to your voters. >> but it is, to some degree, i know you like to sort of step back and act as if that you don't really have that much to do with the pledge. but the pledge does come from you. i've read a lot. last week when we were talking you sort of said the same thing. we'
peter king knows -- congressman peter king of new york noknows full well the pledge he signed and others, it's for while you're in congress, not a two-year period. >> it sounded to me he was sort of saying you have to re-up it for it to be legal or whatever the right word is. >> first of all, it's explained to everyone when they sign, it's in writing with them when they sign that it's a commitment while you're in -- while you're in the house or while you're in the senate. you run...
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Nov 26, 2012
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we did hear from peter king, a congressman. no many house members are running to the microphones to renounce grover norquist's tax pledge. isn't that where we're going to have the most trouble, will? >> yeah. you definitely have the most trouble in the house of representatives. look, republicans are still dedicated to a low tax principle. they still want to achieve that. the problem is i used to own businesses, carol. i used to buy and sell newspapers. i didn't get to tidictate the price. >> i think you in your passionate hand gesture you knocked your microphone off. >> did i really? you just missed genius. you missed genius. >> i was so eager to hear what you were saying. >> i've got to quit gesticulating so much. >> you're not even -- >> will cain, jason johnson, thanks so much for being with us. >> thank you. >>> actor morgan freeman is putting his voice behind a new ad touting the election day victories in three states to legalize same-sex marriage. >> freedom, justice and human dignity have always guided our journey toward
we did hear from peter king, a congressman. no many house members are running to the microphones to renounce grover norquist's tax pledge. isn't that where we're going to have the most trouble, will? >> yeah. you definitely have the most trouble in the house of representatives. look, republicans are still dedicated to a low tax principle. they still want to achieve that. the problem is i used to own businesses, carol. i used to buy and sell newspapers. i didn't get to tidictate the price....
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Nov 27, 2012
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lindsey graham, saxby chambliss, bob corker and peter king, they've said they're willing to compromise and consider revenue increases to avoid the fiscal clifft. their shift in position has grover norquist vowing to help unseat any republican who breaks his taxpayer protection pledge. the question tonight is whether this is a larger trend or whether republicans are just testing the waters and two men who know about testing the waters, politicking and actually meaning what you say join me now. david frum and james carville, you have been on every side of this. let me start with you though david. republicans talking about raising revenue by closing loopholes. you can get a heck of a lot of revenue that way. is this smart for them r or not? >> republicans are going to be yielding grown, but they have to avoid it under pressure. president has a strong hand. they have to keep their party together. frankly, i think loopholes are the -- so-called loopholes, deductions for home mortgage, at this point, the wrong place to look for new revenue. the place is look is with different kinds of tax s.
lindsey graham, saxby chambliss, bob corker and peter king, they've said they're willing to compromise and consider revenue increases to avoid the fiscal clifft. their shift in position has grover norquist vowing to help unseat any republican who breaks his taxpayer protection pledge. the question tonight is whether this is a larger trend or whether republicans are just testing the waters and two men who know about testing the waters, politicking and actually meaning what you say join me now....
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Nov 27, 2012
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but everybody who signed the pledge, including peter king who tried to weasel out of it, shame on him as the new york sun said today, i hope his wife understands that commitments last a little longer than, than, than two years or something. >> and zoraida, there you have grover norquist -- >> weeks. >> -- of course, from the americans for tax reform throwing out some pretty strong political hyperbole. but the fact of the matter is, as you said, fiscal cliff, 35 days away, and as we've heard from a lot of economists, if congress can't fix this, then we're in a lot of trouble. we can be heading back into recession. >> mark preston live in washington, d.c. thank you for that. so even if democrats and republicans get a spending deal done in time to steer clear of the fiscal cliff, derer thompson says it won't necessarily cure the economy. the senior editor of "the atlantic" joins us live in the next half hour. he has an interesting perspective. >>> ambassador susan rice heads to capitol hill this morning to mend fences with three republican senators. john mccain, lindsey graham and kelly
but everybody who signed the pledge, including peter king who tried to weasel out of it, shame on him as the new york sun said today, i hope his wife understands that commitments last a little longer than, than, than two years or something. >> and zoraida, there you have grover norquist -- >> weeks. >> -- of course, from the americans for tax reform throwing out some pretty strong political hyperbole. but the fact of the matter is, as you said, fiscal cliff, 35 days away, and...
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Nov 27, 2012
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but everybody who signed the pledge including peter king who tried y ed tied to weasel out oe on him as the new york sun said today, i hope his wife understands the commitments last a little longer than two years or something. but you don't tell the bank, oh, the mortgage, wasn't that a long time ago? if you make a commitment, you keep it. >> now, despite what he said it likely that high earners will pay higher taxes. what sort of benefits could others lose in this trade-off? something has got to give, doesn't it? one idea, get rid of the tax benefit that homeowners get by being able to deduct mortgage interests. hold on. don't throw the remote at the tv set. i know it is a popular deduction. i know you like it. but it costs the feds $100 billion a year in -- and it is a dubious benefit to the federal government. the housing industry opposes getting rid of it because it fears that home sales will collapse again, just when housing is starting to make a comeback. the national association of realtors spent an estimated $25 million this year to lobby lawmakers against canning it. the mor
but everybody who signed the pledge including peter king who tried y ed tied to weasel out oe on him as the new york sun said today, i hope his wife understands the commitments last a little longer than two years or something. but you don't tell the bank, oh, the mortgage, wasn't that a long time ago? if you make a commitment, you keep it. >> now, despite what he said it likely that high earners will pay higher taxes. what sort of benefits could others lose in this trade-off? something...
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Nov 26, 2012
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you're talking about guys, you know, in saxby chambliss, peter king, coker, lindsey graham, who have been fiscal conservatives their entire lives. so it's very hard, i think, to make the argument. i think it's silly, also, to have this circular fire squad against good republicans who have been getting elected, and, you know, in order -- i think it's silly to take a circular fire squad and take him out during a primary, because of some piece of paper that got signed or not signed, lived up to or not lived up to. if, in fact, they are fiscal conservatives, which is the entire point of this discussion. we are losing the point of it. because we're getting so hung up on this, you know, piece of paper. i really find it somewhat silly, the entire thing. >> some people have suggested there is an interesting procedural solution to this idea, and that would be to actually let everything go off the cliff, even just for a day. what would happen then is the tax rates would automatically go up on everyone. again, even just a day. then on january 2nd or oh january 3rd or january 4th, everyone could
you're talking about guys, you know, in saxby chambliss, peter king, coker, lindsey graham, who have been fiscal conservatives their entire lives. so it's very hard, i think, to make the argument. i think it's silly, also, to have this circular fire squad against good republicans who have been getting elected, and, you know, in order -- i think it's silly to take a circular fire squad and take him out during a primary, because of some piece of paper that got signed or not signed, lived up to or...
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Nov 26, 2012
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congressman peter king republican in new york feels the same way. take a listen to him. >> i think everything should be on the table. i myself am opposed to tax increases. the fact is the speaker and majority leader and the president are going to be in a room trying to find the best package. i'm not going to prejudge it. i'm saying we should not be taking ironclad positions. >> king says while the pledge may have worked in the past, now is the time to be flexible. zoraida? >> all right. paul steinhauser live in washington, d.c. for us. thank you. >> 33 minutes after the hour right now. just lots of buying this weekend. lots of shopping. a record $247 million shoppers hit stores and websites after thanksgiving. ed national retail federation says they also spent more money compared to last year. but -- will shoppers still be in a spending mood today? which, of course, is named cyber monday. christine romans is here with us. >> who named it cyber monday? hmm. the industry did! because once they saw that you would open up your wallet for black friday, t
congressman peter king republican in new york feels the same way. take a listen to him. >> i think everything should be on the table. i myself am opposed to tax increases. the fact is the speaker and majority leader and the president are going to be in a room trying to find the best package. i'm not going to prejudge it. i'm saying we should not be taking ironclad positions. >> king says while the pledge may have worked in the past, now is the time to be flexible. zoraida? >>...
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you now have eric cantor, saxby chambliss, peter king, lindsey graham and bob corker all saying to some degree or another that they would be willing to step back from it. certainly encouraging, but as you saw in that piece from a while ago from athena, there is still some distance between both sides as the clock winds down. >> and, dan, folks who came from those meetings with the president last week and they say that he in those meetings spoke very generally about the possibility of reforming these entitlement programs, big programs like medicare, medicaid, that type of thing, is the white house willing to put on the table specifics regarding the kinds of reforms in those big, big entitlement programs? >> if so, this is something that is happening behind closed dooshz, and they're not saying so publically. republicans have been looking at the health care reform law since the election time now, during the campaign to try to roll it back, to have it repealed. many attempts there. they were hoping that if they had won the election, that they could have also repealed it then, and now, of co
you now have eric cantor, saxby chambliss, peter king, lindsey graham and bob corker all saying to some degree or another that they would be willing to step back from it. certainly encouraging, but as you saw in that piece from a while ago from athena, there is still some distance between both sides as the clock winds down. >> and, dan, folks who came from those meetings with the president last week and they say that he in those meetings spoke very generally about the possibility of...